Hagerty, Inc. (NYSE:HGTY) Director Sells $35,533.41 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,713 shares of Hagerty stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $9.57, for a total transaction of $35,533.41. Following the completion of the transaction, the director now owns 4,331,394 shares in the company, valued at approximately $41,451,440.58. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hagerty Stock Up 0.5 %

Shares of NYSE:HGTY opened at $10.22 on Friday. Hagerty, Inc. has a 52 week low of $8.09 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $3.49 billion, a PE ratio of 92.91 and a beta of 0.85. The firm has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $10.73.

Hagerty (NYSE:HGTY) last issued its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $323.37 million during the quarter, compared to analyst estimates of $318.07 million. Hagerty had a return on equity of 12.06% and a net margin of 5.27%. During the same period last year, the business earned $0.05 EPS. As a group, research analysts expect that Hagerty, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Hagerty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Markel Group Inc. lifted its position in shares of Hagerty by 3.6% in the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after purchasing an additional 108,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Hagerty in the 4th quarter worth approximately $879,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Hagerty by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 140,037 shares of the company’s stock valued at $1,351,000 after buying an additional 8,258 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock valued at $100,000 after acquiring an additional 2,726 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Hagerty in the fourth quarter worth $182,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James cut Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Hagerty Company Profile

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.